Morning all, currently down about 6bp for the morning.
There’s no economic reports coming out today, however, MBS started in negative territory early in the morning and has rebounded back to even levels
We’re attempting to hold above the 25 DMA (Day Moving Average), and are nearing the 1st level of resistance, so I think today should be pretty quiet until this afternoon’s 10 year auction.
If you have some gamble in you, float until today’s treasury auctions, but if you want to play it safe and not kick yourself AFTER, secure any purchase or refinance transactions you are involved in, as the mortgage and bond markets are looking a little uncertain at the moment.
